Can I retire at age 59 with 788,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$65,072$64,493$63,927$63,375$62,836$61,668
2 years$32,214$31,614$31,033$30,469$29,922$28,750
3 years$21,263$20,660$20,080$19,522$18,984$17,844
4 years$15,788$15,187$14,613$14,064$13,539$12,440
5 years$12,504$11,907$11,340$10,803$10,292$9,237
6 years$10,316$9,723$9,165$8,639$8,144$7,134
7 years$8,753$8,165$7,616$7,103$6,623$5,659
8 years$7,582$6,999$6,459$5,958$5,495$4,576
9 years$6,671$6,094$5,563$5,075$4,627$3,753
10 years$5,943$5,372$4,850$4,375$3,943$3,112
11 years$5,348$4,782$4,270$3,807$3,391$2,603
12 years$4,852$4,292$3,789$3,340$2,938$2,193
13 years$4,433$3,879$3,386$2,948$2,562$1,858
14 years$4,074$3,526$3,042$2,617$2,246$1,581
15 years$3,763$3,221$2,746$2,334$1,978$1,350
16 years$3,491$2,955$2,490$2,090$1,748$1,157
17 years$3,252$2,721$2,266$1,878$1,550$994
18 years$3,039$2,515$2,068$1,692$1,378$856
19 years$2,849$2,331$1,894$1,529$1,228$739
20 years$2,678$2,166$1,738$1,385$1,097$639
21 years$2,524$2,017$1,598$1,257$982$553
22 years$2,384$1,883$1,473$1,143$880$479
23 years$2,256$1,761$1,360$1,041$790$416
24 years$2,139$1,650$1,258$949$710$361
25 years$2,032$1,549$1,165$867$639$314
26 years$1,933$1,455$1,081$793$576$273
27 years$1,841$1,370$1,003$726$519$237
28 years$1,756$1,291$933$665$468$206
29 years$1,677$1,218$868$610$423$180
30 years$1,604$1,150$809$559$382$157
31 years$1,535$1,087$754$514$345$136
32 years$1,471$1,029$703$472$312$119
33 years$1,411$974$657$434$283$104
34 years$1,355$923$614$400$256$90
35 years$1,302$876$574$368$232$79
36 years$1,252$831$537$339$210$69
37 years$1,204$789$502$312$190$60
38 years$1,160$750$470$288$173$52
39 years$1,117$713$441$265$157$46
40 years$1,077$679$413$245$142$40
41 years$1,039$646$387$226$129$35
42 years$1,003$615$363$208$117$30
43 years$969$586$341$192$106$27
44 years$936$559$320$178$96$23
45 years$905$533$300$164$87$20
46 years$875$508$282$151$79$18
47 years$847$485$265$140$72$15
48 years$820$463$249$129$65$13
49 years$794$442$234$119$59$12
50 years$769$422$220$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $788,000, adding $4,157 every year, while hoping to spend $50,766 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 38/46/16 Blend
58$788,000$788,000$788,000$788,000
59$872,664$830,900$818,686$901,471
60$907,661$817,599$792,097$909,198
61$944,526$801,946$762,916$912,371
62$983,397$783,770$731,003$914,717
63$1,024,422$762,893$696,210$916,190
64$1,067,764$739,126$658,384$916,741
65$1,113,601$712,268$617,365$916,322
66$1,162,126$682,107$572,985$914,882
67$1,213,552$648,419$525,069$912,374
68$1,268,109$610,966$473,433$908,750
69$1,326,050$569,498$417,887$903,964
70$1,387,652$523,748$358,231$897,969
71$1,453,217$473,436$294,256$890,724
72$1,523,076$418,266$225,745$882,187
73$1,597,593$357,924$152,471$872,322
74$1,677,164$292,078$74,195$861,096
75$1,762,224$220,380$0$848,482
76$1,853,252$142,459$0$836,053
77$1,950,769$57,926$0$835,823
78$2,055,351$0$0$835,153
79$2,167,626$0$0$851,120
80$2,288,287$0$0$899,865
81$2,418,090$0$0$952,382
82$2,557,871$0$0$1,009,020
83$2,708,543$0$0$1,070,159
84$2,871,111$0$0$1,136,218
85$3,046,679$0$0$1,207,657
86$3,236,461$0$0$1,284,982
87$3,441,790$0$0$1,368,751
88$3,664,131$0$0$1,459,574
89$3,905,097$0$0$1,558,124
90$4,166,458$0$0$1,665,140
91$4,450,165$0$0$1,781,438
92$4,758,359$0$0$1,907,911
93$5,093,399$0$0$2,045,544
94$5,457,878$0$0$2,195,421
95$5,854,650$0$0$2,358,734
96$6,286,854$0$0$2,536,796
97$6,757,947$0$0$2,731,051
98$7,271,732$0$0$2,943,087
99$7,832,393$0$0$3,174,656
100$8,444,538$0$0$3,427,683